Funding you earn now, next payment 08:00 UTC+0.0554%/8h= +60.6% APRpaid last 24h +0.149%
Price spread now: Hyperliquid against KuCoin+0.051%7-day average +0.197% · you sell dearer than you buy
Net, funding: paid 7d − costs−$257as in the Funding arb table
Net, price: spread back to 7d avg − costs−$292as in the Price arb table
costs, in and out, $10k−$2782.777% of the position
Funding, last 7 days+0.211%+$21 on $10k
+Price spread, last 4 days (all we have)+0.159%+$16 · spread now +0.051%, 7d avg +0.197%
=Together, before fees+0.371%+ Points / potential airdropHyperliquid: Season 2 · farm board+$37 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.146% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.051% now, against its 7-day average of +0.197%). If the spread goes back, that is −$15 on $10k: about 21 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.211% in total) that is about 4.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.211% in total (about 11.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin REZUSDTM | 0.003909 | 0.0100 | pay 0.0050% / 4h | 39m 12s | $456K | $74K | 30x |
| Short | Hyperliquid REZ | 0.003911 | 0.0654 | get 0.0082% / 1h | 39m 12s | $1.6M | $509K | 3x |
KuCoin REZUSDTM
Hyperliquid REZFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $116.29
- Price spread: +0.051% → +0.197%
- −$14.59
- Slippage, 4 orders
- −$256.67
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$175.98
- Costs to cover
- 2.777%
- Break-even
- 17.6 days
Slippage from KuCoin: live order book, 64 min ago; Hyperliquid: live order book, 1 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin live order book, 64 min ago | 7.81 bp | 121.2 bp −$121 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 1 min ago | 5.10 bp | 25.4 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
REZ on 12 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster REZUSDT | +0.0100% | 4h | 0.003904 | −0.132% | $19K | $39K | 5x | as long as short |
| Binance REZUSDT | +0.0100% | 4h | 0.003904 | −0.125% | $5.0M | $8.4M | 50x | as long as short |
| MEXC REZ_USDT | +0.0100% | 4h | 0.003905 | −0.102% | $1.4M | $403K | 50x | as long as short |
| KuCoin REZUSDTMlong | +0.0100% | 4h | 0.003909 | long leg | $456K | $74K | 30x | |
| Bitget REZUSDT | +0.0100% | 4h | 0.003905 | −0.102% | $615K | $1.2M | 50x | as long as short |
| BloFin REZ-USDT | +0.0104% | 4h | 0.003902 | −0.179% | $321K | $43K | 50x | as long as short |
| Variational Omni REZ | +0.0180% | 4h | 0.003913 | +0.096% | $111K | $71K | — | as long as short |
| Gate REZ_USDT | +0.0206% | 4h | 0.003912 | +0.077% | $392K | $113K | 10x | as long as short |
| Bybit REZUSDT | +0.0440% | 4h | 0.003914 | +0.128% | $1.6M | $1.1M | 25x | as long as short |
| BingX REZ-USDT | +0.0462% | 4h | 0.003907 | −0.051% | — | $6.6M | — | as long as short |
Aster REZUSDT
Binance REZUSDT
MEXC REZ_USDT
Bitget REZUSDT
BloFin REZ-USDT
Variational Omni REZ
Gate REZ_USDT
Bybit REZUSDT
BingX REZ-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_REZUSD | +0.0575% | 1h | 0.003912 | +0.079% | $44K | $10K | 10x | as long as short |
| Hyperliquid REZshort | +0.0654% | 1h | 0.003911 | +0.051% | $1.6M | $509K | 3x |
Kraken Futures PF_REZUSD